Bienvenidos y buenas dias. As Chairman, I have challenged the entertainment
industry to bring me its best ideas to promote opportunity for minorities and women
in the media.

Jimmy Smits -- one of our most creative Americans -- heard my challenge.
And he took action. A co-founder of the National Hispanic Foundation for the Arts, an
organization dedicated to establishing educational opportunities for Hispanic
Americans pursuing careers in the entertainment industries, Jimmy asked me to join
him in sponsoring a CEOs' forum on how to promote opportunities for racial and
ethnic minorities in entertainment industries.

This forum, which we announce today and which will be held in Washington on
September 22, 1998, will bring together CEOs from the entertainment industries to
think creatively and productively about increasing opportunities for minority
companies interested in the entertainment industry. I hope the forum will address
how to access capital, how to secure entry-level and management jobs for minorities and how
to afford opportunities for training. I am pleased that HBO Chairman and CEO Jeffrey
Bewkes has agreed to serve as host.

I applaud Jimmy Smits and the National Hispanic Foundation for the Arts for
their initiative. And I look forward to joining many others in entertainment industries
on such occasions as we work together to ensure opportunities for all Americans to
own, to work, and to participate in these uniquely public, influential, and vital
American industries.